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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (97815)4/25/2001 12:26:18 PM
From: John Pitera  Read Replies (3) of 436258
 
Heinz, Natural Gas continues to trade above it's all time
high price of 4.60 which had held for 10 years, until last
last fall.

and then obviously we went into double digits in Dec and
Jan.

It's possible that 4.50-60 being the old ceiling for
NG will now become the new floor and we do not trade down
below it in any meaningful way this year.

Over the next few years, enough production should come on
line to move prices back down, but I'm not so sure that
we see that this year.

we're getting to the pivot point where more NG is used for
electricity and air conditioning and usage goes up in the
summer even compared to the winter.

John
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